Systematic Financial Management LP trimmed its stake in EMCOR Group, Inc. (NYSE:EME) by 22.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 263,039 shares of the construction company’s stock after selling 76,935 shares during the period. Systematic Financial Management LP owned 0.45% of EMCOR Group worth $18,250,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of EME. Voya Investment Management LLC increased its position in EMCOR Group by 432.9% in the 2nd quarter. Voya Investment Management LLC now owns 622,251 shares of the construction company’s stock worth $40,682,000 after buying an additional 505,481 shares during the period. TimesSquare Capital Management LLC increased its position in EMCOR Group by 75.3% in the 2nd quarter. TimesSquare Capital Management LLC now owns 882,209 shares of the construction company’s stock worth $57,679,000 after buying an additional 378,815 shares during the period. Prudential Financial Inc. increased its position in EMCOR Group by 19.8% in the 3rd quarter. Prudential Financial Inc. now owns 1,102,699 shares of the construction company’s stock worth $76,506,000 after buying an additional 182,340 shares during the period. TIAA CREF Investment Management LLC increased its position in EMCOR Group by 53.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 385,362 shares of the construction company’s stock worth $25,195,000 after buying an additional 134,957 shares during the period. Finally, Wells Fargo & Company MN increased its position in EMCOR Group by 12.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,002,982 shares of the construction company’s stock worth $65,576,000 after buying an additional 108,417 shares during the period. 93.86% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director Jerry E. Ryan sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $78.06, for a total transaction of $1,014,780.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Several research analysts have commented on the company. KeyCorp reaffirmed a “hold” rating on shares of EMCOR Group in a research report on Friday, November 17th. ValuEngine downgraded EMCOR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $88.00 price target (up from $75.00) on shares of EMCOR Group in a research report on Wednesday, November 1st. Zacks Investment Research raised EMCOR Group from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Tuesday, October 31st. Finally, BidaskClub downgraded EMCOR Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $83.33.

EMCOR Group, Inc. (NYSE EME) traded up $0.18 on Wednesday, hitting $79.85. The stock had a trading volume of 323,400 shares, compared to its average volume of 355,058. The company has a market capitalization of $4,685.69, a PE ratio of 21.89, a PEG ratio of 1.40 and a beta of 1.02. The company has a current ratio of 1.44, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. EMCOR Group, Inc. has a 1-year low of $59.76 and a 1-year high of $81.77.

EMCOR Group (NYSE:EME) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.27. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.93 billion. EMCOR Group had a return on equity of 13.94% and a net margin of 2.82%. EMCOR Group’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 earnings per share. analysts anticipate that EMCOR Group, Inc. will post 3.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 30th. Stockholders of record on Tuesday, October 17th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Monday, October 16th. EMCOR Group’s dividend payout ratio is presently 8.94%.

EMCOR Group announced that its board has initiated a share repurchase plan on Thursday, October 26th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

EMCOR Group Company Profile

EMCOR Group, Inc is an electrical and mechanical construction, and facilities services firm in the United States. The Company provides building services and industrial services. Its segments are United States electrical construction and facilities services; United States mechanical construction and facilities services; United States building services; United States industrial services, and United Kingdom building services.

Institutional Ownership by Quarter for EMCOR Group (NYSE:EME)

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